Today’s Swing Trade Ideas

ECYT/Long  (Healthcare Sector Biotechnology)  After a pull back to the 50-day simple moving average and two inverted hammers, a Bullish Engulf was printed yesterday closing over the T-Line and the 20-day simple moving average.  ECYT is also a rounded bottom breakout with the 10- to 15%-move look to it.

My entry plan idea:  Positive trading over the T-Line.
My stop plan idea:  A close back below the T-Line for now.

TTI was bought a couple of days ago and sold yesterday for a 17.2% profit.
ISNS was already up 35% from our post, and now it’s setting up to do it again.

Good Morning,

SPY:  It was an interesting day yesterday to say the least.  The SPY opened lower and then muscled itself back up closing above the 20-day moving average and just slightly below the T-Line forming aBullish Belthold candlestick signal.  Over years of stock trading and studying candlesticks, I have found the Belthold to be a bullish and reliable candlestick, but like all candlestick signals, it still requires confirmation.  I personally was not too surprised at the gap down yesterday.  In fact, I had said in the trading room that we were likely to see a lower low, and until we clear the recent highs and say goodbye to the recent topping pattern, I will be trading like we’re walking on thin ice.

IWM:  Like the SPY, I expected a lower low in IWM yesterday.  What I didn’t expect was the monster come-back by the Bulls trading a Bullish Engulf candlestick.  I tip my hat to the Bulls here.  Well done!

This Week’s Economic Calendar—> Click Here

Members Trade Ideas –  Members Only

In the members area you will find 10-15 trade ideas every day

Each day 10 -15 stocks are posted in the members area that I believe are poised to move 10-20% (maybe more) within the next few days based on the charts. As you know some work and some don’t…Welcome to trading. Please follow your trading rules for entry stops and profits.

Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.

VXX S&P 500 VIX Short Term Futures:  A close above the T-Line ™ implies the bullish short-term swing traders are in control. Bullish morning star signal

Energy Sector: XLE, SX90, ERX, USO  A close below the  T-Line ™  implies the bearish short-term swing traders are in control.   No buy signal as of yet.

TLT: A close above the  T-Line ™ implies the bullish short-term swing traders are in control.

UUP US Dollar Index: A close above the  T-Line ™  implies the bullish short-term swing traders are in control. Dollar may be trying to weaken, wait for conformation.

The information in this email and Blog Post are notes to myself and should NOT be construed as financial or trading advice.

Investing and Trading involves significant financial risk. No communication should be construed as financial or trading advice. All information provided is for Educational Purposes Only.

Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.

http://hitandruncandlesticks.com Trading for Profit is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not tell or suggest which securities or currencies customers or subscriber should buy or sell. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here.